Current Affairs The 2020 United States Presidential Election

[ilikecheese]

What were the actual benefits of the reduction in taxes? What was the economic implications of the policy? What were the benefits?

Rich people got richer and the stock market went up.

Regular folks didn't benefit at all.

 

[TN Toffee]

Amazingly unhinged.

It’s not amazingly unhinged. In the unfortunate event that he wins the election, I’ll give it six months before he starts seriously talking about a third term. How do I know this? Because he hasn’t even won a second term and has already hinted at it in the past.

 

[TN Toffee]

Rich people got richer and the stock market went up.

Regular folks didn't benefit at all.

No. In fact for a lot of regular folks, our taxes actually went up.

 

[riddick]

Unless he pardons himself

Can't pardon for state crimes.

 

[riddick]

If you remember the time before corona you would know. I keep it simple for you, Trump's economic program has been very simple. It's an attack on taxes and regulations with an extra dose of spending on infrastructure and the military.

Oh, you mean the temporary reduction of taxes for middle class that actually make their taxes higher than before come 2021 and beyond? And that keeps the corporate tax breaks as permanent?

Yeah, believe it or not, taxes are a necessary thing. Not that someone in *checks notes* Finland(?) would understand how that works tho.

 

[mill]

Rich people got richer and the stock market went up.

Regular folks didn't benefit at all.

I know this. But I’d like him to explain specifically how. What the mechanism was. How the policies benefited.

Because real wages fell. Consumer confidence didn’t move at all. GDP growth didn’t move. Cap ex actually reduced.

what did increase was buy backs. Which artificially increase ROE. which benefits stock prices.

that was the effect. There was barely even a single trickle into the real economy.

 

[riddick]

I know this. But I’d like him to explain specifically how. What the mechanism was. How the policies benefited.

Because real wages fell. Consumer confidence didn’t move at all. GDP growth didn’t move. Cap ex actually reduced.

what did increase was buy backs. Which artificially increase ROE. which benefits stock prices.

that was the effect. There was barely even a single trickle into the real economy.

Its almost like "trickle down" economics has been a sham since the 80s and a way to consolidate money at the top and keep it there..

 

[ilikecheese]

Its almost like "trickle down" economics has been a sham since the 80s and a way to consolidate money at the top and keep it there..

It's also almost like deregulation creates bubbles that eventually burst too.

 

[Deleted member 48881]

Didn't see this one lol



Even a racist like Bibi couldn't go for it

 

[Martin Alvito]

You clearly didnt pay attention in the last for years... beyond leftist propaganda ofcourse. Economy was booming.. Job numbers great especially for minorities. I'm off to work now so keep it up champ.
Go ACB!!!

Why do you believe that the president controls that?

Policy matters to the economy, but presidents generally have a lot less influence on the overall economy than people think. Bush 41 didn't cause the recession that cost him a second term. Clinton had nothing to do with the tech boom of the '90s, and Bush 43 caused neither the recession that followed nor the financial crisis at the end of his term.

Didn't see this one lol



Even a racist like Bibi couldn't go for it

Netanyahu is not going to denigrate Trump's opponent when it looks like that's who he's going to be working with for the next four years.

 

[Deleted member 48881]

Netanyahu is not going to denigrate Trump's opponent when it looks like that's who he's going to be working with for the next four years.

Exactly, and Donald realised it instantly haha

 

[ilikecheese]

No. In fact for a lot of regular folks, our taxes actually went up.

It's like the greatest con ever that Joe Six Pack from Tick Bite, NC totally believes that Republicans have his best interests at heart.

 

[BirkenheadBlue]

I know this. But I’d like him to explain specifically how. What the mechanism was. How the policies benefited.

Because real wages fell. Consumer confidence didn’t move at all. GDP growth didn’t move. Cap ex actually reduced.

what did increase was buy backs. Which artificially increase ROE. which benefits stock prices.

that was the effect. There was barely even a single trickle into the real economy.

Yeah but Trump never tweeted any of that, so you can't really expect Finners to know it.

 

[LinekersLegs]

 

[RAFUH]

IT IS HAPPENING

That is from a couple days ago. I think Trump pulled back ahead a smidge since then.
I don't think it goes blue this election, although I would dearly love it to